Company Valuation: Maxscend Microelectronics Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 109,008 61,009 75,268 47,947 43,587 43,573 - -
Change - -44.03% 23.37% -36.3% -9.09% -0.03% - -
Enterprise Value (EV) 1 106,349 59,736 74,269 49,075 45,257 41,826 41,669 41,083
Change - -43.83% 24.33% -33.92% -7.78% -7.58% -0.37% -1.41%
P/E 50.8x 57.1x 64.6x 119x -163x -65.7x 120x 92.6x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 3.88x 3.76x 3.63x
PEG - -1.1x 7.23x -1.8x 1x -1x -1x 3.1x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 11.2x 8.11x 7.22x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 10.8x 7.75x 6.81x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 180x 41.4x 27.5x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x -65.1x 147x 50.9x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 20.1x 52.1x 40.5x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 4.98% 1.92% 2.47%
Dividend per Share 2 0.4375 0.17 0.224 0.102 - - 0.1132 -
Rate of return 0.21% 0.15% 0.16% 0.11% - - 0.15% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 -1.153 0.6301 0.8186
Distribution rate 10.9% 8.49% 10.3% 13.6% - - 18% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 3,888 5,374 6,034
EBITDA 1 2,271 1,195 1,397 951.9 433.7 232.3 1,007 1,496
EBIT 1 2,225 1,096 1,189 364.1 -353.5 -642.8 283.5 807.6
Net income 1 2,139 1,069 1,165 401.8 -268 -653.8 431.2 457.2
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,747 -1,903 -2,490
Reference price 2 204.25 114.30 141.00 89.70 81.48 75.78 75.78 75.78
Nbr of stocks (in thousands) 533,697 533,758 533,815 534,529 534,943 574,987 - -
Announcement Date 2/22/22 2/24/23 2/27/24 2/21/25 3/6/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-66.59x10.9x182.5x-.--% 6.58B
23.24x11.42x15.48x1.08% 2,040B
38.51x16.23x23.84x0.73% 1,695B
5.27x3.41x4.12x0.19% 994B
145.41x18.97x46.78x0.09% 229B
15.83x5.03x14.48x1.84% 211B
5.23x2.7x3.26x1.39% 189B
124.41x38.28x114.78x0.21% 103B
45.6x4.93x17.8x0.68% 86.52B
Average 37.43x 12.43x 47.01x 0.69% 616.96B
Weighted average by Cap. 30.95x 11.63x 18.92x 0.79%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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